AUSTRIA HAS EU DOUBTS. THE IMF REBUTS EUROGROUPE DEBT LINE. AND MERKEL KNEW ALL ALONG GREEK DEBT WAS BONDAGE. WHY ON EARTH WOULD BRITONS WANT TO BE PART OF THIS DYSTOPIA?

The anti-EU movement in Austria having reached the necessary percentage of signatures on a citizen appeal (4% – just over 260,000) the Nationalrat must now debate the issue of whether to stay in the EU/euro or not.

The IMF has just announced its firm conviction that Greece needs a debt haircut -, ie, debt restructure.

And now, Wikileaks has released NSA documentation that shows Merkel admitting in 2010 that Greek debt was unrepayable. At the Vox.com site, we see Merkel discussing the debt: this is the Sun headline:

‘…as long as the debt is on the books, Greece needs to keep asking for permission to roll the debt over and failure to pay debts can be used as a political trigger for forcing Greece out of the Eurozone. The debt, in other words, isn’t about money. It’s about political control. If the debt is formally forgiven then not only do Greece’s creditors need to write down some money, but they need to let Greece go on its merry way. If the debt is merely subjected to repeated rounds of extend and pretend then Greece’s creditors get to keep making various demands about structural reform.’

“Even with another haircut,” Merkel is reported as saying, “they can’t possibly sustain the debt repayments”. And she goes on to add that “restoring some kind of balance in the banking system” is the main priority.

Meanwhile, just to ensure maximum destabilisation, the US was puling this kind of stunt:

Cameron certainly isn’t going to let the UK leave the EU, whatever the vote result. He, like the rest of them are firmly committed to The Dream and whatever sinecure might follow as a result of his unswerving enthusiasm to the cause.
There is a reason that there is no mechanism for leaving the EU, and that is there is no leaving the EU.

@Brian
Ah, because the “five year plan” was always about taking five years to decide what (or not) to do.
It ties in nicely with each term of office…it is what our “democratic system” has descended to…
WAD

What I said in 2010 is still true today iof course but no longer sellabke e to my public so
I have mentally excised it . The sales line now is Germany and other creditors cannot and must
not be seen to surrender cravenly to the past fiddles and profligacies of the ClubMeds.
My line will continue to be ( for my domestic constituency) : what is the difference between Eurocreditirs taking a haircut and bankers being categorised as to big to fail and taking bailouts ?. Both sets of circumstances mean that one oarty in the equation suffers
i e taxpayers in both instances. But one practice is decried whikst the other is praised . Two wrongs etc .

And apart from all that I have the next domestic elections to plan here in Deutschland . This must be my uber alles priority.

Kfc, there is a mechanism for leaving the EU. It’s Article 50 of the Lisbon Treaty. The issue is how to remain in the single market but no longer be controlled by Brussels. There’s more than one way to do it, but the best is probably to use the EEA arrangements by the UK joining EFTA. Then all the existing EEA trade arrangements with the EU can be adopted wholesale in the short term and then better ones negotiated over the longer term. Google Flexcit.

Nobody on faceache will take a blind bit of notice, they are too busy looking at videos of cats doing odd things. The reason why despite all the patently obvious and logical arguments put forward in this essay, people will vote for slavery because it is easier than thinking for themselves.

People are no longer willing or able to think critically or to stand up against malfeasance because they have become disabled by technology. We are all complicit, everybody – including myself – should be on the streets demonstrating their solidarity with the Greek people and waving flags and telling Scameron that we are wise to his cheap neoliberal tricks and demonstrating that we understand the methods being used by the cynical EU/Troika gargoyles to subvert the Greek democratic process.

@Famous Cutlery
That is correct and is written in (EU) statute.
Ha, effing, ha…statutes and especially EU regs can change willy-nilly, wolfie-wolfie, angie-baby, draghule-dracule.
As they say in the black country: we’em fooked.
WAD

Merkin – Wikipedia, the free encyclopediahttps://en.wikipedia.org/wiki/Merkin
A merkin is a pubic wig. Merkins were originally worn by prostitutes after shaving their genitalia, and are now used as decorative items, erotic devices, or in films…